Who Was the Most Indebted Among Volkswagen Group in 2017?

Based on a comparison of 7 firms among Volkswagen Group, Scania Group had the biggest debt relative to its equity at the end of 2017 followed by MAN SE and Porsche AG.

Scania Group net debt reached EUR 5,249 mil. and accounted for 102% of equity at the end of 2017. The ratio is up 17.5% when compared to the previous year. Historically, the firm’s net debt to equity reached an all time high of 223% in 2008 and an all time low of 33.3% in 1995.

When compared to EBITDA, net debt amounted to 3.30x at the end of the year. The ratio reached an all time high of 8.50x in 2009 and an all time low of 0.439x in 1995.

Comparing Scania Group with its closest peers, MAN SE posted net debt to equity of 82.2% and 3.90x when compared to EBITDA at the end of 2017. Porsche AG ended the year 2016 with a net debt at 3.20% of equity and 0.076x when compared to its EBITDA while Volkswagen Group had net debt at -27.7% of equity and -0.844x to EBITDA at the end of the year.

You can see all the companies net debt/equity data on the Net Debt/Equity indicator page or you can download a special statistical dossier on the Volkswagen Group in the reports section.